Buy to Let Lending Criteria for acceptable deposit sources
Lending criteria
Acceptable deposit sources
Acceptable Deposits:
Consumer Buy To Let (CBTL)
Savings
Release of equity
Deposit incentive scheme for non-new build properties (providing the amount is deducted from the purchase price). Where deposit funds are held in an applicant's savings/bank account - evidence of this must be obtained.
Gifted deposit from a family member: cash gifts towards the purchase of a property can be accepted if the individual providing the gift is a family member. By family, we mean a relation by blood or law or if you are in a relationship and co-habiting.